The National Flood Insurance Program’s new premium rating methodology, Risk Rating 2.0 will go into effect Oct. 1, 2021, for new policies, but for policies that renew between Oct. 1, 2021, and April 1, 2022, the Rating 2.0 rates also are available, if they are...
On June 24, 2021, Champlain Towers South in Surfside, Fla., partially collapsed in the middle of the night, claiming 98 lives and injuring several more. The cause of the tragedy still is uncertain, but according to Miami New Times, the structural integrity of the...
Insurance for trucking risks can be extremely confusing to insurance agents unless they are prepared and knowledgeable about the coverage. In addition to general knowledge about the risk, insurance professionals must know the underwriting guidelines and...
Independent agents need to pay attention to business ethics. Remember, if you act unethically, even if it’s unintentional, you could tarnish your credibility as an insurance professional, you could hurt the reputation of your agency’s brand and you even could find...
On the outset, the insurance industry might seem like a complicated field to a new hire. Maybe they never considered that the insurance industry would be where they’d find themselves; maybe they don’t know how the industry works; maybe they don’t realize how rewarding...
The modern insurance industry has been around for hundreds of years. Insurance advertising has been around for almost as long. Despite that, navigating the do’s and don’ts of insurance advertising is a constant source of confusion for agencies. And, that is most true...
In 2020, there were segments of businesses that seemed more “pandemic proof” than others—the cannabis industry was one of them. Nationwide, cannabis sales increased more than 60% last year. It is projected that this segment will continue to grow as more states...
It has been well over a year since COVID-19 became part of our lives. Most of us no longer are having daily conversations with our clients about their business income coverage, and how it applies—or doesn’t apply—in a pandemic. However, the problem of coverage still...
It’s crucial for agents to understand the differences between employment practices liability, employment benefits liability, and employers liability. Agents need to know about these three arenas to protect their insureds, and potentially themselves, too. Employment...
Contractors face myriad liability exposures—and the commercial general liability policy is unique in how it handles those exposures. It is important for agents to understand the different ISO endorsements that may be added to a contractor’s policy and to be aware of...
